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Towards a New Approach of Local Development Under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy

Author

Listed:
  • Charis Vlados

    (Democritus University of Thrace, Department of Economics)

  • Nikolaos Deniozos

    (National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies)

  • Dimos Chatzinikolaou

    (Democritus University of Thrace, Department of Economics)

Abstract

The competitiveness of the Greek economy evolves, both in the present crisis and later on, according to the dynamic micro-level environment and its transformations. This evolution depends on the SME’s abilities to claim a significant role in the new, competitive global environment, which is characterized by a continuous reshaping process. Respectively, the goal of achieving development in the local scale is of vital importance. This paper attempts to approach and highlight a new framework, by proposing a new business ecosystems approach and policy, focusing on the implementation of a method for strengthening the SME’s physiology. This method proposes the construction of systematic knowledge and innovation mechanisms, on a local scale; the Local Development and Innovation Institutes (LDI’s). Subsequently, we analyze the regional data in Greece in order to highlight the most affected by the crisis region and to experimentally establish the Local Development Institutes.

Suggested Citation

  • Charis Vlados & Nikolaos Deniozos & Dimos Chatzinikolaou, 2017. "Towards a New Approach of Local Development Under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy," DUTH Research Papers in Economics 2-2017, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2017_002
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    Cited by:

    1. Charis Vlados & Dimos Chatzinikolaou, 2020. "Stra.Tech.Man innovation, HRM and Perception of Educational Needs in Underdeveloped Business Ecosystems: The Case of Retail Sector Firms in Eastern Macedonia and Thrace," International Journal of Human Resource Studies, Macrothink Institute, vol. 10(2), pages 330354-3303, December.
    2. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou & Michail Demertzis, 2018. "Perceiving Competitiveness under the Restructuring Process of Globalization," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(8), pages 135-135, June.

    More about this item

    Keywords

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    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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